Until now, there was no easy way to integrate the tax provision with the financial consolidation. But, this all changes with the introduction of Hyperion Tax Provision. Hyperion Tax Provision represents the first in a series of products to better integrate tax reporting into the broader financial reporting process.

An integrated system for the Tax & Finance close means that you are leveraging your exiting investment & reducing risk - Hyperion Tax Provision leverages your existing investment in HFM and the Financial Close Suite by using the same tools for data collection, consolidation, and reporting to bring you an integrated Tax Provision solution.

Hyperion Tax Provision is a comprehensivesolution for the global consolidated tax provision.

This includes:

Data Collection:

Automated – any data that can be sourced from HFM, the general ledger, or sub-ledgers can be automatically available to the tax provision

In Nutshell the use of HFM for tax provision ensures that the Tax & Accounting Close are coordinated & efficient.

Bringing finance and tax together results in unparalleled Transparency & Reporting. The same reporting tools that you already use for financial reporting are now available for analysis of the Tax Provision.